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$65 billion hedge fund Tiger Global is squeezing out venture capital firms to invest in startups.
The company has taken part in 110 startup financings so far in 2021, according to Pitchbook.
Venture capitalists credit its speed and sky-high valuations for its success in landing deals.
A hedge fund is eating venture capital s lunch.
Tiger Global, a type of fund that raises outside capital to invest in a smorgasbord of asset types, has participated in 110 startup financings so far this year, including breakouts like Clubhouse, Stripe, and Hopin, according to Pitchbook data.
InnovationRx: Artificial Intelligence 50; Plus Covid Treatments In India
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While some industries were devastated by the Covid-19 pandemic, funding kept flowing to startups using artificial intelligence to solve business challenges. Several healthcare companies made the annual Forbes AI 50 list, which identifies some of the most promising companies in the space. Komodo Health uses algorithms to help identify patients for clinical trials and track drug effectiveness after it hits the market. Viz.ai examines CT images to try to reduce the number of stroke victims who don’t receive the right treatment in time. Verge Genomics combines AI with human genome data for drug discovery, and its candidate to treat Lou Gehrig’s disease will enter clinical trials next year.
Reporting by Helen Popkin, Aayushi Pratap and Nina Wolpow
The Covid-19 pandemic was devastating for many industries, but it only accelerated the use of artificial intelligence across the U.S. economy. Amid the crisis, companies scrambled to create new services for remote workers and students, beef up online shopping and dining options, make customer call centers more efficient and speed development of important new drugs.
Even as applications of machine learning and perception platforms become commonplace, a thick layer of hype and fuzzy jargon clings to AI-enabled software.That makes it tough to identify the most compelling companies in the spaceâespecially those finding new ways to use AI that create value by making humans more efficient, not redundant.
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Komodo Health Launches Next-Gen AI to Accelerate Innovation and Close Gaps in Care
What You Should Know:
– Today, Komodo Health is capping off a month-long flurry of activity by announcing the launch of its Prism and Sentinel solutions opening up access to its Healthcare Map to drive the next generation of AI innovation.
– Prism and Sentinel allows life sciences teams to tap into detailed patient behaviors and treatment patterns based on the real-world patient journeys of more than 325 million patients. The breakthrough software also allows life sciences teams to create new algorithms and machine learning applications in one simple application that allows them to pair their own, proprietary data with Komodo’s real-world patient data and analytics.